The 2nd National Forum on

Payment Systems

Minimizing Legal, Operational and Compliance Risks Facing Electronic Payment System Networks

Monday, April 24, 2006

About

Don't miss the opportunity to learn the keys to operations management and regulatory compliance in this tremendous growth environment!

"Prepaid gift and money cards are growing as a potential source of money laundering and terrorist financing, but banks and their regulators do not appear to be keeping up"
American Banker, November 7, 2005

Money laundering and terrorist funding through prepaid products continues to rise at an astonishing rate. The ACH network is constantly updating its myriad rules and regulations, under pressure to meet the consistent and stunning growth every year. And Check 21 is just beginning to impact the payments world. Suddenly regulatory compliance has gone from merely complex to a massive burden.

Given this environment of tremendous growth, you need to be able to optimize your operations and have in place solutions for your most challenging compliance concerns. ACI's Payment Systems publication will provide you with the tools you need. Get innovative strategies and procedures for:
  • Working with federal regulators to develop and enhance compliance practices
  • Drafting the corporate customer and consumer customer agreements for check imaging and substitute checks
  • Identifying business checks and their effect on ARC and the ACH network
  • Understanding which regulations apply to the myriad types of prepaid products
  • Clarifying state law restrictions for prepaid products
  • Overcoming security challenges of prepaid card usage

Contents & Contributors

About

Don't miss the opportunity to learn the keys to operations management and regulatory compliance in this tremendous growth environment!

"Prepaid gift and money cards are growing as a potential source of money laundering and terrorist financing, but banks and their regulators do not appear to be keeping up"
American Banker, November 7, 2005

Money laundering and terrorist funding through prepaid products continues to rise at an astonishing rate. The ACH network is constantly updating its myriad rules and regulations, under pressure to meet the consistent and stunning growth every year. And Check 21 is just beginning to impact the payments world. Suddenly regulatory compliance has gone from merely complex to a massive burden.

Given this environment of tremendous growth, you need to be able to optimize your operations and have in place solutions for your most challenging compliance concerns. ACI's Payment Systems publication will provide you with the tools you need. Get innovative strategies and procedures for:
  • Working with federal regulators to develop and enhance compliance practices
  • Drafting the corporate customer and consumer customer agreements for check imaging and substitute checks
  • Identifying business checks and their effect on ARC and the ACH network
  • Understanding which regulations apply to the myriad types of prepaid products
  • Clarifying state law restrictions for prepaid products
  • Overcoming security challenges of prepaid card usage

Contents & Contributors


FTC PERSPECTIVE: PAYMENT SYSTEMS
Allison I. Brown, Federal Trade Commission

FEDERAL AND STATE STATUTES ON MONEY TRANSMISSIONS MEETING LEGAL & REGULATORY REQUIREMENTS
Chris Daniel, Alston & Bird LLP
Donald Mosher, Schulte, Roth & Zabel LLP

CHECK 21 IN YEAR 2: IMPLEMENTATION OF CHECK IMAGING AND SUBSTITUTE CHECK PROGRAMS
Jeanette Blanco, Bank of America
Jeannine DeLano, Federal Reserve
Thomas Fox, Schwartz & Ballen LLP

OPTIMIZING RETURNS ON ACH OPERATIONS
Sean Carter, AAP, New England ACH
Mary Kate Cole, AAP, Upper Midwest ACH Association
Gary Nesbitt, EastPay

FINANCIAL INSTITUTIONS AND ACH IN A GLOBAL CONTEXT
Kathy Levin, AAP, GACHA
Priscilla Holland, NACHA
Jonathan Winer, Alston & Bird LLP

PREPAID CARDS AND THE REGULATORY ALPHABET
Russell Schrader, Visa U.S.A

STORED VALUE CARDS AND THE REGULATORY ALPHABET
Lynne B. Barr, Goodwin Procter LLP

PREPAID CARDS: REGULATORY FRAMEWORK AND SECURITY MEASURES
Judith Rinearson, Bryan Cave LLP

THE BREAKDOWN ON BREAKAGE PREPAID CARDS AND STATE UNCLAIMED PROPERTY LAWS
Michael F. Day, Washington Mutual

DATA SECURITY BREACHES
Heather Russell Koenig, Skadden, Arps, Slate, Meagher & Flom LLP

CHECK CONVERSION VS. CHECK TRUNCATION
Sean C. Goldrick, CTP, AVN Amro Bank

ARC VS. CHECK 21/IMAGE EXCHANGE WHICH IS BETTER FOR YOUR COMPANY?
Bill Robertson, Wausau Financial Systems, Inc.

LIFE AFTER CHECK 21 EMERGING SOLUTIONS FOR MORE EFFICIENT CHECK PROCESSING
Craig Vaream, JPMorgan Chase



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0